First National Trust Co. raised its position in shares of Exelon Corp. (NYSE:EXC) by 52.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,983 shares of the energy giant’s stock after buying an additional 5,136 shares during the period. First National Trust Co.’s holdings in Exelon Corp. were worth $545,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Aviva PLC boosted its stake in shares of Exelon Corp. by 6.1% in the first quarter. Aviva PLC now owns 490,369 shares of the energy giant’s stock worth $17,585,000 after buying an additional 28,241 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Exelon Corp. during the first quarter valued at about $1,173,000. Advisor Partners LLC purchased a new stake in Exelon Corp. during the first quarter valued at about $241,000. Canandaigua National Bank & Trust Co. purchased a new stake in Exelon Corp. during the first quarter valued at about $253,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Exelon Corp. during the first quarter valued at about $8,343,000. Institutional investors and hedge funds own 74.90% of the company’s stock.
Shares of Exelon Corp. (NYSE:EXC) traded up 0.85% during mid-day trading on Wednesday, reaching $32.13. 7,851,680 shares of the company traded hands. The company has a market capitalization of $29.65 billion, a P/E ratio of 21.51 and a beta of 0.25. Exelon Corp. has a 52-week low of $25.09 and a 52-week high of $37.70. The firm’s 50 day moving average price is $33.98 and its 200-day moving average price is $34.91.
Exelon Corp. (NYSE:EXC) last posted its quarterly earnings data on Tuesday, August 9th. The energy giant reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. Exelon Corp. had a net margin of 4.58% and a return on equity of 8.52%. The company earned $6.90 billion during the quarter, compared to the consensus estimate of $7.30 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that Exelon Corp. will post $2.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were paid a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Thursday, August 11th. Exelon Corp.’s dividend payout ratio is currently 84.67%.
Several research firms recently issued reports on EXC. Morgan Stanley set a $38.00 price objective on shares of Exelon Corp. and gave the stock a “hold” rating in a research report on Thursday, August 11th. Deutsche Bank AG upgraded shares of Exelon Corp. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $39.00 in a research report on Friday, July 22nd. Zacks Investment Research cut shares of Exelon Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. JPMorgan Chase & Co. cut their price objective on shares of Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. Finally, Citigroup Inc. raised their price objective on shares of Exelon Corp. from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.23.
In other news, CEO Calvin Butler, Jr. sold 6,403 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total transaction of $224,105.00. Following the completion of the transaction, the chief executive officer now owns 18,109 shares of the company’s stock, valued at approximately $633,815. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kenneth W. Cornew sold 30,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $36.47, for a total transaction of $1,094,100.00. Following the transaction, the chief executive officer now directly owns 32,844 shares of the company’s stock, valued at approximately $1,197,820.68. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
About Exelon Corp.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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